Low-Down-Payment
Qualified buyers may be able to purchase with as little as 3.5% down.
Flexible Credit Guidelines
FHA financing may offer more flexibility for buyers with less-than-perfect credit.
Great for First-Time Buyers
FHA loans are commonly used by first-time buyers, but they are not limited to first-time buyers.
Why borrowers choose FHA loans
FHA loans are often a strong fit for buyers who want a lower down payment option and more flexible qualifying features than some conventional loan programs.
Lower down payment options
FHA loans may allow qualified buyers to purchase with a down payment as low as 3.5%.
More flexible credit review
FHA guidelines can be helpful for buyers who are rebuilding credit or need more flexibility.
Seller contribution flexibility
FHA loans may allow seller credits toward eligible closing costs, helping reduce cash needed at closing.
Useful refinance options
FHA homeowners may have refinance options available depending on their loan type and goals.
Who this loan may be a good fit for
FHA financing may be worth considering if you want a lower down payment path, need more flexible credit guidelines, or are buying a primary residence.
- First-time homebuyers
- Repeat buyers purchasing a primary residence
- Buyers with limited funds for down payment
- Borrowers who need more flexible credit guidelines
- Buyers using eligible gift funds
- Homeowners exploring FHA refinance options
What to expect
Every FHA scenario is different. We help review your credit, income, property, down payment, and closing cost options so you can move forward clearly.
Primary residence focus
FHA loans are generally designed for borrowers buying or refinancing a primary residence.
Mortgage insurance
FHA loans typically include upfront and monthly mortgage insurance, which should be reviewed as part of the full payment picture.
Property standards
The home must meet FHA property requirements, which are reviewed during the appraisal process.
Down payment and closing costs
We help compare down payment, closing costs, seller credits, gift funds, and total cash needed to close.
FHA loan FAQs
What is an FHA loan?
An FHA loan is a mortgage insured by the Federal Housing Administration that is commonly used by buyers who want a lower down payment and flexible qualifying options.
How much do I need for a down payment?
Qualified FHA buyers may be able to purchase with as little as 3.5% down, depending on the scenario.
Do FHA loans require mortgage insurance?
Yes. FHA loans typically include both upfront and monthly mortgage insurance.
Are FHA loans only for first-time buyers?
No. FHA loans are popular with first-time buyers, but eligible repeat buyers may use FHA financing too.
Need help getting started?
We can help you review your FHA loan options clearly. Call us, text us, or complete our secure online mortgage application.